Textron (TXT) Misses Q2 EPS by 7c

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Go back to Textron (TXT) Misses Q2 EPS by 7c

Textron Reports Second Quarter 2015 Income from Continuing Operations of $0.60 per Share, up 17.6%

July 28, 2015 6:30 AM EDT

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported second quarter 2015 income from continuing operations of $0.60 per share, up 17.6 percent from $0.51 per share in the second quarter of 2014.

Revenues in the quarter were $3.2 billion, down 7.4 percent compared to $3.5 billion in the second quarter of 2014. Textron segment profit in the quarter was $306 million, up $2 million from the second quarter of 2014. Second quarter manufacturing cash flow before pension contributions was $106 million compared to $271 million during last years second quarter.

Revenues were down in the quarter, as expected, but the... More